Squads multisig
Multisig smart-account platform for securing and managing Solana assets, programs and validators.
No project pays to be listed. How we rank
Squads key facts
| Category | Multisig wallet |
|---|---|
| Chains | Solana |
| Platforms | Web, Extension |
| Custody | Multisig |
| Pricing | Basic $0/month plus a one-time deployment fee (0.05 SOL on squads.xyz, 0.1 SOL in the docs); Pro $49/month (30-day trial); Enterprise custom |
| Free plan | Yes, Basic plan at $0/month |
| Chains | Solana |
| Security audits | OtterSec, Neodyme, Certora (with formal verification) |
| Open source | Yes, AGPL-3.0 |
| Company | Squads Labs |
| Fees | Solana network fees, a one-time deployment fee, and 0.25% on limit orders |
| Launched | Squads Protocol v4: October 2023; immutable since November 2024 |
| US availability | Available: terms restrict only sanctioned jurisdictions |
What is Squads?
Squads Multisig is a smart-account platform for teams to secure and manage Solana assets, program upgrades, token authorities and validator keys. Its site says 450+ teams use it to secure over $15 billion. The Basic plan is $0 per month plus a one-time deployment fee, listed as 0.05 SOL on squads.xyz and 0.1 SOL in the docs; Pro is $49 per month.
How Squads works
A Squad is a smart account run by the Squads Protocol v4 program on Solana.
You add members by public key and set a confirmation threshold, for example 2 of 3, and every transaction waits until enough members approve. The same approval flow covers token transfers, staking, swaps and limit orders through Jupiter, program management, token management and validator withdraw keys. Adding members after creation also needs approval at the set threshold.
Squads Protocol v4 launched in October 2023 and has been immutable since November 2024, so neither Squads Labs nor anyone else can change the on-chain code. The docs describe a backup kit for the case where app.squads.so is unavailable: an open-source minimal UI, a CLI with Ledger support and an SDK.
How to start with Squads
- Go to app.squads.so and connect a Solana wallet, or create an account with email through TipLink.
- Ledger Connect is not supported; connect a Ledger through Phantom or Solflare with blind signing turned on.
- Name the Squad, add up to 10 initial members and pick a threshold.
- The docs warn against 1-of-1 and against requiring every member.
- You need a little SOL for the one-time deployment fee (0.1 SOL per the Create a Squad docs page), 0.001 SOL to fund the account and about 0.0018 SOL of rent.
Squads fees and limits
- The Basic plan is $0 a month.
- Its one-time deployment fee is listed as 0.05 SOL on squads.xyz but 0.1 SOL in the docs, so check the amount in the app.
- Pro is $49 a month, pulled in USDC from the vault through a spending limit, with a 30-day free trial.
- Squads takes 0.25% on limit orders and nothing on other transactions.
- Solana network fees run higher than a normal wallet, for example about 0.0051 SOL to withdraw SPL tokens, and part is rent you can reclaim.
Risks to know before using Squads
- Squads Labs cannot move funds; only members reaching the threshold can.
- That also means a lost member key can block the Squad if the remaining members fall below the threshold.
- The v4 program is audited and formally verified, and a bug bounty is open.
- If there is not enough USDC in the vault for a Pro renewal, you get 7 days to top up before Pro features switch off.
Squads alternatives
Other projects people compare with Squads.
US bitcoin financial services firm offering 2-of-3 collaborative custody multisig vaults, IRAs, trading and loans.
Paid collaborative-custody multisig that holds bitcoin, ether and stablecoins in 3-key or 5-key vaults.
Bitcoin wallet app for single-sig and multisig setups, with paid assisted multisig and inheritance plans.
Smart-account multisig wallet for EVM chains, used by teams and DAOs to run onchain treasuries.
Where Squads ranks on DappAtlas
Listed next to Squads
- BitGo Crypto infrastructure for businesses
Squads pros and cons
- Basic plan is $0 per month plus a one-time deployment fee
- Squads Protocol v4 audited by OtterSec, Neodyme and Certora with formal verification
- Handles program upgrades, token mint authorities and validator withdraw keys
- Solana only
- Spending limits, permissions and the SquadsX extension need the $49/month Pro plan
- Code is AGPL-3.0, which limits closed-source forks
Squads FAQ
What is Squads?
Squads Multisig is a smart-account platform for teams to secure and manage Solana assets, program upgrades, token authorities and validator keys. Its site says 450+ teams use it to secure over $15 billion. The Basic plan is $0 per month plus a one-time deployment fee, listed as 0.05 SOL on squads.xyz and 0.1 SOL in the docs; Pro is $49 per month.
Which chains does Squads support?
Solana.
How much does Squads cost?
Solana network fees, a one-time deployment fee, and 0.25% on limit orders, according to Squads’s own page (checked Sep 26, 2026). Free plan: Yes, Basic plan at $0/month.
Is Squads available in the US?
Available: terms restrict only sanctioned jurisdictions, according to Squads’s own page (checked Sep 26, 2026).
Does Squads hold my funds?
No. Squads is multisig: you keep your funds in your own wallet and sign each transaction.
Sources
How this page works
Sources: Squads: official site, Squads: Multisig, Squads: Protocol v4 GitHub. Data as of Sep 26, 2026.
Not affiliated with any project listed. Educational content, not financial advice.